Directors’ Trades: Maggie Beer buys $590,529 of the ASX company bearing her name

Director Trades Nick Sundich
asx news

Pic: d3sign / Moment via Getty Images

The most recognisable director who made a $100k trade in the last fortnight was Maggie Beer who bought into her company’s rights issue.

In 2019, her business was bought by Longtable Group (ASX:LON), and the entity was renamed Maggie Beer Holdings (ASX:MBH).

She has remained on the board of the company and bought just over $590,000 in shares as part of the rights issue. Also buying shares was Hugh Robertson, who chipped in $269,367.

Her company has had a solid last 12 months launching new products, as well as a new ecommerce platform and a partnership with Marley Spoon (ASX:MMM).
 

Code Company Director Change Date Volume $ What
CYM Cyprium Metals Gary Comb Buy 1 April 1,400,000 $295,000 On market & Placement
OBL Omni Bridgeway Michael Kay Buy 31 March 48,631 $171,220 On market
CV1 CV Check George Cameron-Dow Buy 6 April 606,061 $100,000 Placement
HM1 Hearts and Minds Investment Chris Cuffe Sell 6 April 50,000 $230,000 Off market
PNC Pioneer Credit Keith John Buy 1 April 219,006 $108,824 On market
FYI FYI Resources Roland Hill Buy 1 April 200,000 $106,000 On market
HM1 Hearts and Minds Investment David Wright Buy 6 April 50,000 $230,000 Off market
OBL Omni Bridgeway Hugh McLernon Sell 8 April 1,000,000 $3,630,000 On market
DDR Dicker Data Vladmir Mitnovetski Buy 12 Apr 10,000 $100,500 On market
JLG Johns Lyng Group Lindsay Barber Sell 8 April 2,500,000 $9,375,000 Off market
BCB Bowen Coking Coal Matthew Latimore Buy 9 April 3,150,000 $211,860 On market
OKU Oklo Resources Simon Taylor Buy 9 April 800,000 $109,075 On market
MBH Maggie Beer Maggie Beer Buy 12 April 1,687,227 $590,529 Rights Issue
MBH Maggie Beer Hugh Robertson Buy 12 April 769,619 $269,367 Rights Issue
FFG Fatfish Group Gan Nyap Liou Buy 14 April 1,418,377 $170,205 On market
RED Red 5 John Loosemore Buy 16 April 1,617,312 $258,770 Rights Issue
HRN Horizon Gold Peter Sullivan Buy 16 April 331,017 $115,856 Rights Issue
JRL Jindalee Resources Justin Mannolini Sell 16 April 100,000 $200,000 On market
WordPress Table

Copper explorer Cyprium Metals (ASX:CYM) provided the next biggest trader with Gary Comb buying $295,000 on market.

Cyprium recently bought Metals X’s (ASX:MLX) copper assets for $24 million cash including the Nifty, Marochydore and Paterson projects.

Other resources buyers included Oklo Resources’ (ASX:OKU) Simon Taylor who bought $109,075 on market and Red 5 (ASX:RED) director John Loosemore who bought just over $250,000 in a rights issue.

Loosemore’s purchase was part of a substantial capital raising of $60 million in equity and $175 million in debt finance which the company hopes to use to develop its King of the Hills gold project.

Matthew Latimore from Bowen Coking Coal (ASX:BCB) bought $211,860 of his company which has coking coal projects in the Bowen Basin.

Its most notable program currently is a Phase 2a program at its Hillalong project.

The Phase 1 program at Hillalong led to the company holding a total maiden resource of 43Mt of which 19.5Mt was shallower than 150m.

 

The sellers

The biggest seller was Lindsay Barber from Johns Lyng Group (ASX:JLG) who parted with $9.375 million in shares.

Next was Hugh McLernon from litigation funder Omni Bridgeway (ASX:OBL) who sold $3.63 million on market.

Rounding out the list were Chris Cuffe and David Wright from Hearts & Minds Investment (ASX:HM1). They sold $230,000 each in the ASX Listed Investment Company.

Related Stories